Simpler, clearer definitions

New Product Disclosure Statement

April 2025

We’re committed to helping Australians live healthier, longer, better lives. To continue supporting you and your clients, we’re updating our Product Disclosure Statement (PDS) with simplified definitions and changes to genetic testing requirements. 

What are the key changes?

With this PDS, we're focused on keeping things simple and transparent for you and your clients. We're doing this by:
 
  • Making it easier for your clients to navigate and understand the definitions within the PDS.
  • Ensuring our offerings remain competitive and aligned with industry standards.
  • Continuing to deliver the high-quality product you expect from us.
To continue to provide great value, whilst ensuring an ongoing focus on product sustainability, we've adjusted some New Business premiums. The changes include a range of increases and decreases across our standalone lump sum benefits which, in some instances, result in a net decrease when taken as a bundle. Income Protection new business premiums remain unchanged.
 
Read our Frequently Asked Questions to learn more.
Your clients will continue to enjoy the great rewards and benefits of AIA Vitality, like up to 50% off eligible Virgin Australia flights and up to $760 per membership year in Shopping Rewards and Active Benefits vouchers plus more.

Need more information about AIA Priority Protection?

Contact your Client Development Manager or our Adviser Support team on 1800 033 490.

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